US Department of State Assistant Secretary for Public Affairs Mike Hammer urged the Argentine Government to normalize its relations with the international financial community and confirmed President Obama’s administration intention of having “the best possible relations” with Argentina.

Falkland Islands residents were able to get into the swing of the lead up to the Olympics this week when one of 8,000 Olympic torch bearers, Commonwealth Games badminton gold medallist Rebecca Pantaney (36) carried a torch to the Islands.

The editor of the Falkland Islands weekly Penguin News twitted that Argentine president Cristina Fernandez is scaring its own people, regarding military exercises in the Islands, which Lisa Watson underlines are “routine”.

Cuba adopted a new tax code this week and said it would loosen regulations on some state companies while turning others into cooperatives, as one of the world's last Soviet-style economies moves in a more market-friendly direction.

Argentina’s Metal workers union (UOM) leader Antonio Caló said on Thursday he “never believed in the (official stats office) Indec” and openly estimated that inflation in the country is running at “23% to 24%”.

IMF western hemisphere director, Chilean national Nicolás Eyzaguirre, resigned to his post Thursday in order to become the CEO of Chilean Canal 13 network. The International Monetary Fund confirmed the news and added that the official will leave his responsibilities immediately.

Benjamin Hockin in the 2008 Beijing Olympics was part of the British team, now however he will be the standard-bearer for Paraguay in Friday’s London summer games opening and convinced he will receive an even greater support.

US Republican presidential candidate Mitt Romney's high-profile overseas trip got off to a rocky start on Thursday when he was forced to clarify a comment seen as criticizing London's handling of the Summer Olympics that he came to celebrate.